1220 N Lake Shore DrHarrisvilleMI48740
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Harrisville at 1220 N Lake Shore Dr, Harrisville, MI, 48740 earns from $659/mo rent with a $2,798/mo payment. Total monthly income totals $659/mo. ROI tracks 0.21% on current figures, and rental yield reads 1.38% at a $571,600 purchase. Equity gained on principal adds $3,688/yr, and 5% annual appreciation supports $157,923 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $659/mo property income instead of your personal income.
Single Family
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48740, Harrisville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 990 (57.4%) |
| Renter Occupied HU | 156 ( 9.0%) |
| Vacant Housing Units | 579 (33.6%) |
| Median Home Value | $191,848 |
| Average Home Value | $231,965 |
Housing Distribution
Address Breakdown
Residential
1,115
Single Family
1,074
Multi-Family
41
Businesses
120
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Listed by: N/A • N/A
Mls Name: RMLS Multi-List
Mls Provider:
Mls ID: #280-25-0039